Tuesday, January 26, 2010

Nifty Bruised And Oversold....Time To Pullback A Little???

1 comment:

Anonymous said...

Manoj,
I was also thinking of little pullback however HARAMI Pattern on daily chart was a false signal

Selling pressure was very high. All weekly, daily, hourly were in downtrend today


Conclusion: Trade with major trend (daily in context) and pullbacks may or may not happen.

I am eagerly looking for what tomorrow brings (its FNO Closing).

They can show a small pullback, pause before short term trend or resuming weekly uptrend with LONG BULLISH candles (No point in guessing)